Who is Viktor Rashnikov?
Rashnikov is the majority share owner of Magnitogorsk Iron & Steel Works (MMK). It is one of the world’s largest steel producers. He was born in October 1948. He is married to Tatyana Kuzmina, they have 2 children. (Tatiana Rakhno and Olga Viktorovna Rashnikova).
He started as a fitter in the company’s repair shop in 1967. He made a career in functions as Head of Production and Chief Engineer.
Later he became Managing Director and Chairman. During the years he purchased shares on the market. Until he had a majority share (of 84.26% in 2020). He holds his shares through a company named Mintha Holding Limited.
Russian billionaire Viktor Rashnikov is the owner of the yacht Ocean Victory.
Magnitogorsk Iron & Steel Works (MMK)
Magnitogorsk Iron & Steel Works (MMK) is one of the world’s largest steel producers. And a leading Russian metals company. MMK ranks among the 30 largest steel producers in the world. And is the 3rd largest in Russia.
The company has more than 18,000 employees. In 2019 MMK produced more than 30 million tons of steel. And realized sales of more than US$ 7.5 billion.
Viktor’s daughter Olga Viktorovna Rashnikova sits on the board of directors of MMK. His daughter Tatiana is a director at MMK Trading AG.
Viktor Rashnikov Net Worth
His net worth is estimated at US$ 8 billion. Almost every year he receives a dividend from the profits of his company of more than US$ 100 million.
Rashnikov is an active philanthropist. He has been donating more than US$ 25 million per year to good causes. Through his Metallurg Charity Fund.
Rashnikov helped to fund the Holy Ascension Cathedral in Magnitogorsk. It is the main cathedral of the Magnitogorsk diocese. Located in the city of Magnitogorsk.